{"id":89091,"date":"2015-06-26T16:22:40","date_gmt":"2015-06-26T16:22:40","guid":{"rendered":"https:\/\/armbanks.am\/2015\/06\/26\/243118\/"},"modified":"2024-12-15T13:18:44","modified_gmt":"2024-12-15T13:18:44","slug":"araratbank-plans-to-open-first-financial-supermarket-in-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/06\/26\/89091\/","title":{"rendered":"Araratbank plans to open first \u2018financial supermarket\u2019 in Armenia"},"content":{"rendered":"<p><strong>YEREVAN, June 26. \/ ARKA \/.<\/strong> Araratbank is planning to open the first in Armenia so-called \u2018financial supermarket,\u2019 its board chairman Ashot Osipyan said Friday when addressing the bank\u2019s annual meeting.<\/p>\n<p>According to investopedia.com, financial supermarket is an institution or company that offers a wide range of financial services under one roof. Financial supermarkets provide services which typically include banking, stock brokerage and insurance, and occasionally real-estate brokerage. The basic rationale behind the financial supermarket concept is to generate more fees per client and foster customer loyalty.<\/p>\n<p>Osipyan said Araratbank\u2019s financial supermarkets will offer its customers all the product and<br \/>\nservices available in the local financial market.<\/p>\n<p>\u2018We have started a pilot program in one of our branches and will expand it to those branches, which by their geographical location are suitable for transformation into a financial supermarket,\u2019\u00a0 he said.<br \/>\nOsipyan said also the 50th branch of the bank opened in Avan-Arinj administrative district of Yerevan recently and in a month a new branch will open in the town of Charentsavan and two more will open later this year.<\/p>\n<p>He also said in a month Araratbank will start the implementation of a strategic program called Future Banking, designed to improve the services to customers through the use of new technologies.<br \/>\n&#8220;The Bank is also planning to strengthen the Internet banking service, introduce a new service called \u2018Tsankatsats\u2019 (any), which enables customers to manage their bank accounts through their smartphones at any time and from any location.<\/p>\n<p>&#8220;The bank also plans to open an electronic branch with automated services and no staff at all,\u2019 he said.<br \/>\nAraratbank was established in 1996. The biggest shareholder of the bank is the oil trader company Flash (64.24%), the European Bank for Reconstruction and Development (EBRD) holds 25% and another 10% is owned by RURAL IMPULSE FUND II SA SICAV SIF company. Araratbank joined NASDAQ OMX Armenia stock exchange in 2009.<\/p>\n<p>The bank&#8217;s assets in 2014 increased by 10.48% to 138.36 billion drams, its liabilities amounted to 116.69 billion drams having grown by 10.5%, the bank\u2019s capital saw an increase of 10.3% to 21.6 billion drams, its credit investments grew by 10.6% to\u00a0 65.9 billion drams, while its net profit declined by 6.6% to\u00a0 2.8 billion drams. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Araratbank is planning to open the first in Armenia so-called \u2018financial supermarket,\u2019 its board chairman Ashot Osipyan said Friday when addressing the bank\u2019s annual meeting<\/p>\n","protected":false},"author":1,"featured_media":169150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12162,15837,12431,13958],"class_list":{"0":"post-89091","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-araratbank","10":"tag-armenia-2","11":"tag-plans","12":"tag-supermarket"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/89091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=89091"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/89091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/169150"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=89091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=89091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=89091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}